Janney Montgomery Scott LLC Boosts Position in AutoNation, Inc. $AN

Janney Montgomery Scott LLC raised its position in AutoNation, Inc. (NYSE:ANFree Report) by 40.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 39,914 shares of the company’s stock after purchasing an additional 11,536 shares during the period. Janney Montgomery Scott LLC’s holdings in AutoNation were worth $7,794,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AN. Commonwealth Equity Services LLC boosted its position in shares of AutoNation by 0.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,494 shares of the company’s stock worth $1,960,000 after buying an additional 52 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in AutoNation by 0.9% during the 4th quarter. Kestra Advisory Services LLC now owns 5,668 shares of the company’s stock valued at $1,170,000 after acquiring an additional 53 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in AutoNation by 0.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 6,288 shares of the company’s stock valued at $1,376,000 after acquiring an additional 55 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in AutoNation by 13.3% during the third quarter. CIBC Private Wealth Group LLC now owns 519 shares of the company’s stock worth $114,000 after acquiring an additional 61 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in AutoNation by 37.4% during the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock worth $38,000 after acquiring an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Insider Activity

In related news, CAO Kimberly Dees sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $204.91, for a total transaction of $512,275.00. Following the sale, the chief accounting officer owned 1,456 shares in the company, valued at approximately $298,348.96. This trade represents a 63.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays upped their price target on shares of AutoNation from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded AutoNation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. UBS Group began coverage on AutoNation in a research note on Wednesday, May 27th. They issued a “buy” rating and a $234.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating and set a $240.00 target price on shares of AutoNation in a report on Thursday, May 7th. Finally, Wells Fargo & Company raised their price target on AutoNation from $207.00 to $208.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $246.90.

Get Our Latest Report on AutoNation

AutoNation Price Performance

NYSE:AN opened at $186.34 on Friday. AutoNation, Inc. has a 12-month low of $176.62 and a 12-month high of $228.92. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 0.99 and a beta of 0.75. The company’s 50-day moving average is $192.85 and its two-hundred day moving average is $199.33. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.62.

AutoNation (NYSE:ANGet Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.71 by ($0.02). The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.65 billion. AutoNation had a return on equity of 31.45% and a net margin of 2.47%.The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.68 earnings per share. Research analysts expect that AutoNation, Inc. will post 21.24 EPS for the current year.

AutoNation Profile

(Free Report)

AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.

Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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